Conversations with village operators over Christmas indicate that sales have been hit by up to 50% across Australia. The discretionary sale to lifestyle seekers has all but evaporated; declining health has re-emerged as the main motivator, as demonstrated by villages with care on site appearing to be more protected from the slump. (This was predicted by the McCrindle research study). To give you a snapshot of the Christmas holiday period and the number of people searching for a village, we have attached the latest Google Report on visits to our web site, villages.com.au. It has climbed back to just under 1,000 people a day on Mondays and Tuesdays.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...